RBS to Miss Target for Asset Sale – Takes $920 Million Charge

The bailed-out lender is exploring an alternative plan after saying it will miss an EC target to dispose of assets, including Williams & Glyn, and repay state aid Bailed out British lender, Royal Bank of Scotland said Friday that it will miss a European Commission deadline for selling off assets, including its Williams & Glyn division, and repaying taxpayer aid given to it during the financial crisis. It will report a A 750 million exceptional charge when it reports full-year results on Feb. 24 and is now considering an alternative plan for repaying state aid.